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Re: Chronic unemployment worse than Great Depression

That's good because the way our political system and government works, it's really good at opposing the majority to make tough, rapid, decisions.

Not that I have a solution, beacause it also prevents us from making bad, rapid decisions that oppose the majority as well.

A major task of leadership is to educate and inform the public and, if necessary, align public support behind policy choices. However, the kind of transformational leaders who have that capacity are rare. FDR, JFK, Reagan were some examples. Most political leaders might have some but not all of the attributes of transformational leaders. Hence, they can make good managers, a role that is valuable during periods of stability and prosperity. But sometimes rapid change or some other turmoil requires a transformational leader. My guess is that such leadership will be required if the nation is to embark on a credible course of fiscal consolidation.

Re: Chronic unemployment worse than Great Depression

Originally Posted by The Prof

meanwhile, SIXTY ONE POINT SIX TRILLION

and counting

tick tick...

leadership, anyone?

What are you talking about

Nobody who wins a war indulges in a bifurcated definition of victory. War is a political act; victory and defeat have meaning only in political terms. A country incapable of achieving its political objectives at an acceptable cost is losing the war, regardless of battlefield events.

Bifurcating victory (e.g. winning militarily, losing politically) is a useful salve for defeated armies. The "stab in the back" narrative helped take the sting out of failure for German generals after WWI and their American counterparts after Vietnam.

All the same, it's nonsense. To paraphrase Vince Lombardi, show me a political loser, and I'll show you a loser.

Re: Chronic unemployment worse than Great Depression

I have to believe that, at this point, it is hopeless. Bankruptcy and default is a guaranteed path for the US.

You, my brothers and sisters, were called to be free. But do not use your freedom to indulge the flesh; rather, serve one another humbly in love.For the entire law is fulfilled in keeping this one command: “Love your neighbor as yourself.”

Re: Chronic unemployment worse than Great Depression

The government added $5.3 trillion in new financial obligations in 2010, largely for retirement programs such as Medicare and Social Security. That brings to a record $61.6 trillion the total of financial promises not paid for.

Re: Chronic unemployment worse than Great Depression

Originally Posted by ksu_aviator

$61.6 trillion in unfunded liabilities.

I have to believe that, at this point, it is hopeless. Bankruptcy and default is a guaranteed path for the US.

got it, thanks.

Nobody who wins a war indulges in a bifurcated definition of victory. War is a political act; victory and defeat have meaning only in political terms. A country incapable of achieving its political objectives at an acceptable cost is losing the war, regardless of battlefield events.

Bifurcating victory (e.g. winning militarily, losing politically) is a useful salve for defeated armies. The "stab in the back" narrative helped take the sting out of failure for German generals after WWI and their American counterparts after Vietnam.

All the same, it's nonsense. To paraphrase Vince Lombardi, show me a political loser, and I'll show you a loser.

Re: Chronic unemployment worse than Great Depression

Originally Posted by The Prof

link above, usat

you didn't know?

if so, you definitely talk too much and read too little

more power to you, of course

Chill out, it was just a question.

Nobody who wins a war indulges in a bifurcated definition of victory. War is a political act; victory and defeat have meaning only in political terms. A country incapable of achieving its political objectives at an acceptable cost is losing the war, regardless of battlefield events.

Bifurcating victory (e.g. winning militarily, losing politically) is a useful salve for defeated armies. The "stab in the back" narrative helped take the sting out of failure for German generals after WWI and their American counterparts after Vietnam.

All the same, it's nonsense. To paraphrase Vince Lombardi, show me a political loser, and I'll show you a loser.

Re: Chronic unemployment worse than Great Depression

Originally Posted by megaprogman

Another reason to get out of debt and build up an emergency fund, to emigrate if necessary.

Cash might not be worth anything in the near future.

You, my brothers and sisters, were called to be free. But do not use your freedom to indulge the flesh; rather, serve one another humbly in love.For the entire law is fulfilled in keeping this one command: “Love your neighbor as yourself.”